Sealing & Strapping Packaging Tape Trends and Forecast
The future of the global sealing & strapping packaging tape market looks promising with opportunities in the carton sealing & inner packaging and strapping & bundling markets. The global sealing & strapping packaging tape market is expected to reach an estimated $25.7 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are growing e-commerce sector, increasing industrialization and manufacturing activities, and rising emphasis on product protection and safety enhances the adoption of high-quality sealing.
• Lucintel forecasts that polypropylene will remain the largest segment over the forecast period.
• Within this market, strapping & bundling will remain the larger segment.
• APAC is expected to witness highest growth over the forecast period.
United States - Companies like 3M are investing in R&D to develop innovative sealing and strapping tape solutions for e-commerce packaging. Government targets focus on supporting sustainable packaging initiatives, encouraging the adoption of eco-friendly tapes to reduce environmental impact and promote recycling.
China - Chinese manufacturers, such as Shurtape Technologies, are expanding production capacities for sealing and strapping tapes to meet the growing domestic and international demand. Government initiatives include promoting technological innovation and enhancing export competitiveness in the packaging materials sector.
Germany - German companies, like tesa SE, prioritize product quality and reliability in sealing and strapping tape production. Government targets aim to support the packaging industryÄX%$%Xs transition towards eco-friendly materials, incentivizing companies to develop sustainable packaging solutions and reduce plastic waste.
India - Indian packaging tape manufacturers, including BOPP Tapes India Pvt. Ltd., focus on cost-effective solutions for sealing and strapping applications. Government targets include promoting the adoption of packaging tapes in small-scale industries and facilitating export growth through trade agreements and infrastructure development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sealing & Strapping Packaging Tape by Segment
The study includes a forecast for the global sealing & strapping packaging tape by material, adhesive type, application, and region.
Sealing & Strapping Packaging Tape Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Paper
• Polypropylene
• Polyvinyl Chloride
• Others
Sealing & Strapping Packaging Tape Market by Adhesive Type [Shipment Analysis by Value from 2018 to 2030]:
• Acrylic
• Rubber-Based
• Silicone
• Others
Sealing & Strapping Packaging Tape Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Carton Sealing & Inner Packaging
• Strapping & Bundling
Sealing & Strapping Packaging Tape Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sealing & Strapping Packaging Tape Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sealing & strapping packaging tape companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sealing & strapping packaging tape companies profiled in this report include-
• 3M Company
• Avery Dennison Corporation
• Nitto Denko Corporation
• Tesa SE
• Intertape Polymer
• Scapa
• Wuhan HuaxiaNanfeng Adhesive Tapes
• Shrutapes
• Mactac
• Nichiban
Recent Development in the Sealing & Strapping Packaging Tape Market
3M: 3M introduces "EcoSeal," a range of eco-friendly sealing and strapping packaging tapes made from recycled materials, aiming to reduce environmental impact and promote sustainable packaging practices in the e-commerce and logistics sectors.
Shurtape Technologies: Shurtape Technologies expands production capacities for sealing and strapping tapes in China, aiming to meet the increasing demand from domestic and international markets and enhance the companyÄX%$%Xs position in the global packaging materials industry.
tesa SE: tesa SE focuses on enhancing product quality and reliability in sealing and strapping tape production, introducing advanced adhesion technologies to ensure secure and durable packaging solutions for various industries.
BOPP Tapes India Pvt. Ltd.: BOPP Tapes India Pvt. Ltd. develops cost-effective sealing and strapping tape solutions tailored for small-scale industries in India, aiming to provide efficient and reliable packaging solutions to support their growth and competitiveness in the market.
Features of the Global Sealing & Strapping Packaging Tape Market
Market Size Estimates: Sealing & strapping packaging tape market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sealing & strapping packaging tape market size by material, adhesive type, application, and region in terms of value ($B).
Regional Analysis: Sealing & strapping packaging tape market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different materials, adhesive types, applications, and regions for the sealing & strapping packaging tape market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sealing & strapping packaging tape market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sealing & strapping packaging tape market size?
Answer: The global sealing & strapping packaging tape market is expected to reach an estimated $25.7 billion by 2030.
Q2. What is the growth forecast for sealing & strapping packaging tape market?
Answer: The global sealing & strapping packaging tape market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sealing & strapping packaging tape market?
Answer: The major drivers for this market are growing e-commerce sector, increasing industrialization and manufacturing activities, and rising emphasis on product protection and safety enhances the adoption of high-quality sealing.
Q4. What are the major segments for sealing & strapping packaging tape market?
Answer: The future of the global sealing & strapping packaging tape market looks promising with opportunities in the carton sealing & inner packaging and strapping & bundling markets.
Q5. Who are the key sealing & strapping packaging tape market companies?
Answer: Some of the key sealing & strapping packaging tape companies are as follows:
• 3M Company
• Avery Dennison Corporation
• Nitto Denko Corporation
• Tesa SE
• Intertape Polymer
• Scapa
• Wuhan HuaxiaNanfeng Adhesive Tapes
• Shrutapes
• Mactac
• Nichiban
Q6. Which sealing & strapping packaging tape market segment will be the largest in future?
Answer: Lucintel forecasts that polypropylene will remain the largest segment over the forecast period.
Q7. In sealing & strapping packaging tape market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sealing & strapping packaging tape market by material (paper, polypropylene, polyvinyl chloride, and others), adhesive type (acrylic, rubber-based, silicone, and others), application (carton sealing & inner packaging and strapping & bundling), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sealing & Strapping Packaging Tape Market, Sealing & Strapping Packaging Tape Market Size, Sealing & Strapping Packaging Tape Market Growth, Sealing & Strapping Packaging Tape Market Analysis, Sealing & Strapping Packaging Tape Market Report, Sealing & Strapping Packaging Tape Market Share, Sealing & Strapping Packaging Tape Market Trends, Sealing & Strapping Packaging Tape Market Forecast, Sealing & Strapping Packaging Tape Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.